García-Feijóo, Luis; Madura, Jeff; Ngo, Thanh - In: Journal of Economics and Business 64 (2012) 4, pp. 261-274
Most research that attempts to explain the method of payment used in mergers focuses on firm-specific characteristics, but ignores the influence of industry characteristics. We investigate how industry factors influence the method of payment decision in mergers (as measured by proportion of...